CU Times attempted to reach Brown on Tuesday at the Service Center for Credit Unions. According to an unidentified receptionist at the company, Brown is in a rehab center due to an accident. The company had no further comment on the closure of the six credit unions.

According to NCUA financial performance reports, the six cooperatives had net worth ratios that showed they were well capitalized, and two of the credit unions had significantly higher net worth ratios, compared to peer averages.

What's more, except for the CEO, all of the credit unions had no employees and posted no salary or benefits expenses on their financial reports. However, two of the credit unions had higher operating expenses than the other four credit unions.

The closed credit unions were Cardozo Lodge Federal Credit Union of Bensalem, Pa.; Chester Upland School Employees Federal Credit Union of Chester, Pa.; and the Bensalem Township-based Electrical Inspectors Federal Credit Union, O P S EMP Federal Credit Union, Servco Federal Credit Union and Triangle Interests % Service Center Federal Credit Union.

The largest of the six, the $2.1 million, 795-member Servco, saw its loan production drop from $829,817 in 2011 to $376,249 in 2015, while its loan income increased from $18,093 in 2011 to $53,281 in 2012. Its loan income dropped from $36,602 in 2013 to $28,539 in 2014 and $22,975 in 2015.

Even when the credit union's loan production and income was dropping, its operating expenses rose from $43,471 in 2011 to $73,621 in 2012, then fell to $68,672 in 2013, $58,169 in 2014 and $52,293 last year, according to NCUA financial performance reports.

According to its December 2015 Call Report, Servco posted 80 total loans that included unsecured loans, car loans, lines of credit and seven payday alternative loans at a 16% interest rate. NCUA financial reports showed the credit union had higher than peer average delinquencies over the last five years that ranged from 11% to 21% compared to the peer average of 1.96%.

Servco also posted a 22.71% net worth and an ROAA of 0.05% at the end of 2015, compared to the peer average of 15.09% and 0.05%, respectively.

The $1.1 million O P S EMP posted loan production of more than $200,000 annually on average over the last five years, but its loan income declined from $14,248 in 2011 to $8,315 in 2015.

The cooperative, which had no delinquencies or net charge offs last year, had a net worth of 13.88% and an ROAA of 0.17%, compared to the peer average of 18.75% and -0.45%, respectively.

The $827,269 Chester Upland School Employees FCU posted loan production of $479,300 in 2011, which increased to $576,165 in 2013, but then declined to $397,003 last year. It recorded loan income of $28,583 in 2011, which increased to $40,780 in 2014, but then dropped to $32,920 last year, according to NCUA financial performance reports.

The credit union also managed 11 payday alternative loans at an interest rate of 16.50%, according to its December 2015 Call Report. Chester Upland School Employees FCU had a net worth of 8.80% and an ROAA of -2.05%, compared to the peer average of 18.75% and -0.45%, respectively.

Compared to the four other credit unions, Upland also posted higher operating expenses. In 2011, its operating expenses totaled $25,223, which increased to $56,849 in 2014 and dropped to $40,322 last year.

Triangle Interests % Service Center posted declines in loan production and loan income losses over the last five years. Its net worth was 13.48% and ROAA was -0.79%, compared to the peer averages of 18.75% and -0.45%, respectively.

Although the $65,894 Electrical Inspectors was showing gains in loan products and loan income, it posted a net loss of more than $2,000 annually over the last five years, according to NCUA financial performance reports. The credit union's net worth was 13.32% and ROAA was -3.80%, compared to the peer averages of 18.75% and -0.45%, respectively.

Total loan production and loan income for the $226,485 Cardozo Lodge showed increases and decreases over the last five years.

Its net worth was 27.06% last year and its ROAA was 0.08%, compared to the peer average of 18.75% and -0.45%, respectively, according to NCUA financial performance reports.